I have about 4 lakh rupees for which I need to buy a new car. I belong to a lower middle class family and this to me is hard earned money, I've been able to save since last 5 years of employment.
Having said that, I'm interested in getting a car which is reliable, has good build quality and is cheap to maintain. (Not particularly looking for good resale) But very importantly I wanted to ask members here if you all foresee any reduction of car prices in the near future.
I don't want to buy an inferior car now to find out in the next month(s) that had I waited I could've bought a much better vehicle.
So the question is, given the current circumstances, should I look to buy a car just now?
By the way, my short list after research seems to indicate that Vitz is the best buy with this money.